The Hosteller raises $16 million in a Series B round co-led by Promaft Partners and V3 Ventures to expand its backpacker hostel chain.
Amount Raised
$16 Million
Round Type
Series B
MumbaiHospitalityLeisureHotelTravelTourismInvestors
Description
Mumbai-based backpacker hostel chain The Hosteller has raised Rs 150 crore (approximately $16 million) in a Series B round co-led by Promaft Partners and V3 Ventures. The funding also saw participation from ITI Growth Opportunities Fund, Merisis Wealth Trust, and several family offices. Founded in 2014 by Pranav Dangi, the company aims to enhance its offerings. This round highlights ongoing investor interest in the travel and hospitality sector.
Quick answer
The Hosteller raised $16 Million in a Series B round, dated April 17, 2026. Investors: Merisis Wealth Trust, ITI Growth Opportunities Fund, V3 Ventures and Promaft Partners. The Hosteller is based in Mumbai, Maharashtra, India.
- How much did The Hosteller raise?
- The Hosteller raised $16 Million in a Series B round on April 17, 2026.
- Who invested in The Hosteller?
- Merisis Wealth Trust, ITI Growth Opportunities Fund, V3 Ventures and Promaft Partners are named as investors in this round.
- What does The Hosteller do?
- The Hosteller, India's largest self-operated backpacker hostel chain, is present across India with 55+ hostels.
- Where is The Hosteller based and how big is it?
- The Hosteller is based in Mumbai, Maharashtra, India. Fundz records about 460 employees.
- Who are the decision-makers at The Hosteller?
- Fundz holds 1 contact at The Hosteller, including the Chief Technology and Product Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Hospitality and Leisure around the same time
Companies in the same sectors as The Hosteller that raised within 45 days of this round, from Fundz verified event records.
- Bucketlistt raised $112K (Pre-Seed) on May 26, 2026.
- estaie raised $700K (Pre-Seed) on April 2, 2026.
- Benji raised $6.3M (Seed) on May 19, 2026.
- Check Inn Ltd raised $1.3M (Series A) on May 18, 2026.
- SKYX Platforms raised $187K (Series A) on April 30, 2026.
- Nox Mobility raised $2.3M (Pre-Seed) on April 22, 2026.
Who to call at The Hosteller, and when
A new round usually means The Hosteller is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day The Hosteller raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at The Hosteller, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at The Hosteller. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment The Hosteller raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Funding Insights
What this usually meansThe Hosteller raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.